Target Co. (NYSE:TGT) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in Target Co. (NYSE:TGT) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,873,399 shares of the retailer’s stock after purchasing an additional 125,489 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.62% of Target worth $409,230,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Larson Financial Group LLC lifted its holdings in Target by 1.3% in the 4th quarter. Larson Financial Group LLC now owns 5,339 shares of the retailer’s stock worth $760,000 after purchasing an additional 70 shares during the last quarter. Welch & Forbes LLC increased its holdings in Target by 0.9% in the 4th quarter. Welch & Forbes LLC now owns 7,715 shares of the retailer’s stock valued at $1,099,000 after buying an additional 71 shares during the period. Beacon Financial Advisory LLC raised its stake in shares of Target by 1.0% in the 4th quarter. Beacon Financial Advisory LLC now owns 7,059 shares of the retailer’s stock valued at $1,005,000 after buying an additional 72 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of Target by 1.4% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 5,704 shares of the retailer’s stock valued at $812,000 after acquiring an additional 76 shares in the last quarter. Finally, Janiczek Wealth Management LLC increased its stake in Target by 18.8% in the fourth quarter. Janiczek Wealth Management LLC now owns 494 shares of the retailer’s stock valued at $70,000 after acquiring an additional 78 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Transactions at Target

In other Target news, insider Christina Hennington sold 4,600 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $170.88, for a total transaction of $786,048.00. Following the completion of the sale, the insider now directly owns 38,487 shares in the company, valued at $6,576,658.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Christina Hennington sold 4,600 shares of Target stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total transaction of $786,048.00. Following the completion of the sale, the insider now owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $165.05, for a total transaction of $495,150.00. Following the completion of the sale, the insider now directly owns 30,527 shares of the company’s stock, valued at approximately $5,038,481.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,600 shares of company stock worth $8,819,598. 0.23% of the stock is owned by insiders.

Target Stock Up 0.2 %

TGT traded up $0.28 during trading on Wednesday, reaching $160.69. 821,387 shares of the stock were exchanged, compared to its average volume of 3,655,793. The stock’s 50 day moving average price is $166.79 and its two-hundred day moving average price is $145.90. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86. The stock has a market cap of $74.34 billion, a P/E ratio of 17.96, a price-to-earnings-growth ratio of 1.48 and a beta of 1.17. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.91.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.57. The firm had revenue of $31.47 billion for the quarter, compared to analyst estimates of $31.83 billion. Target had a return on equity of 33.41% and a net margin of 3.85%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.89 earnings per share. Equities analysts expect that Target Co. will post 9.39 EPS for the current year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Tuesday, May 14th. Target’s payout ratio is presently 49.27%.

Analyst Ratings Changes

TGT has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on Target from $125.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. TheStreet upgraded shares of Target from a “c+” rating to a “b-” rating in a research report on Monday, March 4th. Bank of America increased their price objective on Target from $160.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Truist Financial raised their price target on Target from $142.00 to $160.00 and gave the company a “hold” rating in a report on Wednesday, March 6th. Finally, Royal Bank of Canada raised their target price on shares of Target from $157.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, Target currently has an average rating of “Moderate Buy” and a consensus target price of $181.85.

Target Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.